What is up, everybody welcome back to trades trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks i'd like to preface by saying that i'm not a financial advisor nor expert, i'm just some random - do on youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 thousand dollars deep in some pretty bad medical debt, and i was lucky to have some mentors friends and family. That pushed me to work really hard and invest my money, and i am happy to say that i am now financially free.

So if i can pass along any information, resources and tools to you guys and make your lives a little bit better, that's all a man can ask for uh. Lastly, if you wouldn't mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this. I do post videos daily multiple times a day and i do cover microvision just about every single day. So if you'd like to see that, please do consider it with that being said today we're going to be looking at ticker symbol, mvis microvision incorporated, and i want to start off by telling you some news catalyst that will positively affect this stock.

If it does go through, so i'm going to go ahead and pull up an article for you, and i will leave a link to this in the description down below as well. But this is regarding the override on the veto that trump put down on the defense bill. So i'll read this to you real, quick, mcconnell, says senate republicans will defy trump by overriding the veto bill on defense. Now this is happening right now, this bill.

If it does get overridden is going to be a big deal, this will give a three percent raise to all american soldiers in the u.s army and as as well as increase the budget on which the us army is able to uh use. Now, let's just read the top of this real, quick and uh, like i said i'll, leave a link to this. If you'd like to read more in depth, but i'm just going to give you the outline, the us senate will vote to override donald trump's veto. A 740 billion dollar defense spending bill after the president pledged to strike down the legislation over unrelated social media grievances and efforts to rename military bases named after confederate leaders.

The republican senate majority leader mitch mcconnell said that not once in six decades as a congress led his differences prevent it from completing this work for his national security. Soon, this important legislation will be passed into la now. If this does go through guys. I've talked about before on the channel, but just to give you an update if you are not familiar, mvis microvision uses lidar technology and this technology is utilized in the american forces.

So u.s army aviators use this lidar technology in their kevlar helmets, while they're flying airplanes and helicopters, which we call hawks or whatever anyways. They use this technology in their kevlar helmets to help be able to navigate the skies in a more efficient way. And if this defense bill goes through, it will positively affect any company that is tied to the us army whatsoever, how much it will affect the microvision stock, it's hard to say, but this does seem to be a very positive catalyst that could push the stock up. Uh more than it already has been in the past couple of weeks with that being said, like i said, i will leave a link to this in the description down below.

But let's take a look at the technicals, i have the 10-day chart pulled up on microvision and we can take a look at this real, quick. So starting off with the volume you can see that we are, you know remaining pretty consistent. We have about the same amount of volume the last couple days. It is a little bit lower than we've seen in the past, which is why you're seeing a little less volatility in the price action.

However, this is not necessarily a bad thing. We are setting up a very solid base right here. This does look nice and i'll get into the two two-day chart after we're done with the 10-day chart, but out of all 10 days, we have one two, three, four, five, six six bullish days and four bearish days. So this this could go either way tomorrow.

Granted, i think tomorrow is a a shortened trading day, so keep that in the back of your mind, let me know in the comment section down below if it is not, but i believe because of the new year's, it is a shortened trading day and friday is Going to be closed so keep that, in the back of your mind with this stock, however uh the volume is looking good. We are hanging above the volume moving average, the majority of the last five days. However, the last uh five days from today, um we have been up and down so like here, was an entire bearish day. Here we've gone up and down the the pre-market and after hours, movement has been a little bit uh up and down as well, which is something characteristic of this stock.

We do see quite a bit of price action in the after hours in pre-market, which is interesting and good to keep in the back of your mind. Now, if this defense bill does go through, i would expect a pretty a pretty harsh climb in the after hours, and that is something to watch. If you are able to with your brokerage account trade in the after hours, it may be worth it if you don't have a position to get in before the hype. That way, you can establish a decent position, but we will also establish good support and resistance levels.

So you can trade it that way as well. Let's look at the two-day chart here and i'm gon na change it to a one-minute time frame and we're gon na look at current resistance and support levels. So, as of today, we have a very solid support here. You know this this first bottom out at about six dollars and i actually really enjoy how well we've been hanging above the six dollar range, especially considering when you look back on the 10-day chart.

You know we we made a really steep climb and usually with penny stocks like this, the correction is a little more harsh than it has been and we did see a pretty drastic correction. I mean we came from 975 down to you know about five dollars in some change: 590. but uh regardless the stock has been rebounding well and consolidating well building a great base. I would call this a pretty solid bullish flag setting us up for the next leg.

Up and if you look at the macroscopic trend here, we do have an overall stair-stepping effect of higher lows and higher highs. You know right here, the low of about 575 compared to the low here at 378. That's pretty drastic! That's a huge change for 10 days. So, even though we've been going up and down, it is very volatile and i'm sure it's a little bit emotional for some of you.

I know it is for me. I am currently down in my position. I'm averaged out, as i've said, before, it's six dollars and 84 cents, so i am down a pretty decent chunk on my investment. You do need to keep in mind the overall trend here and the overall trend is bullish.

This thing is going to move. There's a lot to unpack with this stock. There's there's a lot happening here. I really really like the ceo of this company he's very, very proactive about increasing and maximizing, not just company value but shareholder value, and he stated that multiple times and i do think this is going to see some very good days so back to what we were Talking about, i got a little sidetracked, i'm just passionate about the stock guys i love what they're doing.

I really love this company uh we're gon na set another support level here, we've bounced off of this level quite a few times. You know, we've got one two. Three four 5, 6 7 different contact points here in which we bounced off of this support level and right now we are trading above this, so this is a good sign. You know we are above the current support level.

If we do drop below this. This will be a new resistance level. However, tomorrow may be a bullish day, because today was the last day that people were able to claim tax sell-offs and tax write-offs for losses in the market. So as of tomorrow, people will not be able to do that and it is very common to see people sell off their losses in the stock market.

That way they can write that off on their tax returns. So tomorrow, in my anticipation, of course, i'm not a wizard, i can't predict the future if i could we'd all be very rich people, we'd be longing and shorting everything, the exact right way and we'd all be very rich. I cannot predict the future, but i do think my personal opinion. We are going to have a green day tomorrow.

Today we hung out very well above the volume moving average for the first half of the day and we kind of hugged the line for the second half of the day. There was pretty solid consolidation and some people might not like that. You know why isn't this going up? Why isn't this going up? I've gotten asked a lot of questions about price action and movement out of stock. Is it too late? Should i sell my shares because we're down um, i'm scared.

This is never gon na. Go back up, patience, guys patience. I love microvision, this company's been around for 20 years and granted the track record is a little bit dirty, but things have changed. You need to do your due diligence and that's what i'm here for i'm here.

To give you all the news that i get as soon as i get it that way, i can keep you guys up to date and help your investing decisions, but this company is on the right track. Their trend is bullish. The macroscopic trend is bullish. These guys are moving, i fully believe in this stock and just to give you an idea, i'm down currently twelve hundred dollars on this stock and i'm not selling a freaking penny, because that is how much i believe in this stock and that's not even considering the Buyout hypothetically, if the buyout doesn't happen, i still think the value of this stock is going to end over ten dollars within the next month or three months, especially by april, which is when they're predicted to have their newest lidar technology out to the public.

That is why i think you need to really be patient with this stock. It is volatile. It's an emotional roller coaster. It's gon na make your gut a little queasy and that's okay.

You know. Sometimes you need to ride out the waves for the grand scheme of things, and that is what we're doing here at trey's trades. Now, like i said, i don't recommend you blindly follow me. I am just a random dude on youtube, but that is my view.

Anywho. Let's draw up a resistance line for tomorrow we are going to have two primary resistance lines to watch and these very well may be broken in the after hours if the senate passes on this defense bill. But we have one two three contact points here. This acted as a prior level of support when we were over the line for part of the day at 6 27, a secondary resistance level at about 639.

That's not a very strong one. I can see us pushing through that pretty easily, because we do only have one two three contact points, so it is, it is a solid resistance level, but not as strong as the prior ones, and this will be the big one. 663.. We touched this for about a second had some pretty major price correction and we tanked pretty hard so that just indicates how strong this resistance level here is at 663, and you can see that this was a level of support here in the pre market.

You know two days ago, so this is the psychological barrier to keep in mind. This is something that traders are taking into consideration when they are trading microvision. If we can get over the 663 mark we're looking at seven dollars by the end of the day. That's my prediction: uh! If we do get over that level, i expect fully that will approach that seven dollar mark fairly easily.

The stock does have a history of pretty harsh moves when we break the resistance lines, so keep that, in the back of your mind, one last thing we're looking for tomorrow: volume if we are trading about the same volume as today, you know if we, if we Change this to a 60 minute chart and we look at the overall volume in a 60 minute window, 3 million two and a half million one point: five million: it dropped off a little by the end of the day, you're looking for somewhere between a million to 3.5 million shares traded per hour and that'll give you a pretty good indicator that we're on the same horizon. However, if we see a spike in volume, that is an indicator that volatility is going to move and that is probably going to be in the upward direction. It can be in the downward direction too. So take what i say with a grain of salt, but volume drives volatility and volatility drives higher price evaluations.

So if we do see a spike in volume, i would fully expect that it is going to be a pretty steep price action day. That is what i have for microvision. I hope that you guys got some value out of this video. I hope that you're able to watch on the override on the veto, because i think that is going to be some pretty huge news for micro vision.

Hopefully, it goes through not just for our company, you know for the the increase in value, but for american soldiers as well. They work very hard to to do the things that they need to do to protect our country, and i do think it is the right thing. So that's what i have for microvision. If you have any stocks you'd like me to cover, i do cover at least one subscriber recommended stock every single day, so drop it in the comment section down below and i'd love to cover it.

Please, like the video, if you haven't already, if you enjoyed the content and consider subscribing if you'd love, to see more content like this we're almost at 400 subscribers guys what the heck you guys rock. I love the community we're building out here. I love how much people love the stock market. How passionate you guys are? It just means the world to me.

We were barely breaking 200. You know yesterday morning, so we've got some great traction and i really appreciate all of you so so much so that is all i have for the video today and i will see you all next time: peace.